Endeavour Silver (NYSE:EXK) Shares Gap Up - Time to Buy?

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR shares gapped up before the market opened on Tuesday . The stock had previously closed at $4.80, but opened at $4.94. Endeavour Silver shares last traded at $4.93, with a volume of 1,432,825 shares trading hands.

Analyst Ratings Changes

Several equities analysts have commented on the company. Alliance Global Partners reiterated a "buy" rating on shares of Endeavour Silver in a report on Wednesday, March 12th. HC Wainwright lifted their price objective on Endeavour Silver from $7.00 to $7.25 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. TD Securities raised shares of Endeavour Silver to a "strong-buy" rating in a research report on Monday, March 10th. Raymond James initiated coverage on Endeavour Silver in a research note on Friday. They issued an "outperform" rating for the company. Finally, StockNews.com upgraded shares of Endeavour Silver to a "sell" rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $6.63.

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Endeavour Silver Stock Performance

The company has a 50-day simple moving average of $3.98 and a two-hundred day simple moving average of $4.10. The firm has a market capitalization of $1.22 billion, a P/E ratio of -35.73 and a beta of 1.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its quarterly earnings data on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The firm had revenue of $42.20 million for the quarter, compared to analysts' expectations of $69.90 million. As a group, equities analysts forecast that Endeavour Silver Corp. will post -0.07 EPS for the current year.

Hedge Funds Weigh In On Endeavour Silver

Large investors have recently bought and sold shares of the business. Mackenzie Financial Corp boosted its position in shares of Endeavour Silver by 995.2% in the 4th quarter. Mackenzie Financial Corp now owns 1,180,945 shares of the mining company's stock worth $4,325,000 after purchasing an additional 1,073,114 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Endeavour Silver in the 4th quarter worth $543,000. Vident Advisory LLC grew its holdings in shares of Endeavour Silver by 2.8% during the 4th quarter. Vident Advisory LLC now owns 235,043 shares of the mining company's stock worth $860,000 after purchasing an additional 6,441 shares during the period. Two Sigma Advisers LP boosted its holdings in Endeavour Silver by 26.2% during the 4th quarter. Two Sigma Advisers LP now owns 209,100 shares of the mining company's stock valued at $765,000 after acquiring an additional 43,400 shares during the period. Finally, Two Sigma Investments LP boosted its stake in shares of Endeavour Silver by 88.4% in the 4th quarter. Two Sigma Investments LP now owns 727,762 shares of the mining company's stock valued at $2,664,000 after buying an additional 341,468 shares during the period. Hedge funds and other institutional investors own 20.06% of the company's stock.

Endeavour Silver Company Profile

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.